Kura Sushi (2695) Q4 2024 earnings summary

Executive summary

• Revenue rose 11.1% year-over-year to ¥234,950 million, with operating income up 132.0% and net income attributable to shareholders up 273.7%.

• Significant growth in Japan and Asia segments, while North America saw revenue growth but posted a loss.

• 30 new stores opened globally, bringing the total to 677, all directly operated.

• Special impairment losses totaling ¥1,748 million were recorded due to underperforming stores.

Financial highlights

• Operating income reached ¥5,699 million, up 132.0% year-over-year.

• Net income attributable to shareholders was ¥3,226 million, up 273.7% year-over-year.

• Cash and equivalents at year-end were ¥23,043 million, up from ¥18,940 million.

• Dividend per share for the year was ¥40, including a ¥20 commemorative dividend.

Outlook and guidance

• FY2025 revenue forecast is ¥243,000 million (+3.4%), with operating income expected to decline 12.3% and net income to rise 5.4%.

• Dividend forecast for next year is ¥20 per share.